test 2.5 Flashcards
bidding procdedures
Public bidding procedures are prescribed by
Derek’s floor: 52 card pick up
various procurement statues
bidding procedures
Derek’s Guest chairs. fbi agent with villon handcuffed to
designed to protect public interest by preventing fraud, collusion and favortism.
bidding procedures
private
Derek’s table: tag game
Private bidding procedures are established by the owner
They can be modified, altered, or waived at the owner’s discretion
Advertisement for Bids
Derek’s computer: mallet judge
Laws regulate and control the awarding of public construction projects
first step to advertise bid
kenny chair: letter glued to his chair
Notice to bidders or invitation to bid
Advertisement for Bids
All bidders must be
kenny’s computer looking up LGBTQ people
treated equally and afforded an opportunity to bid under the same terms and conditions
content in advertisement for bid.
book self Derek’s room: content of book
Nature Extent Location of the work Owner of the work Time, place and manner for bid submission Availability of bid documents Construction period Requirement of deposit and bond Estimated cost Minimal wage rates
ways to advertise bid
Jeff’s computer. ombi’s blanket rack
newspaper, magazines, trade publications (ENR), public agencies.
Notice of Private Projects
Josh’s room floor: roofing crew getting reamed
Private owner is not bounded by public laws:
Public advertisement is not commonly used
Notice of Private Projects
widely used format in private sectors.
part 2 roofing crew
negotiated contracts .
When competitive bidding is used:
world map: letter
o Invitational bidding commonly used
Decision to Bid
A number of factors involved
hard hat wall: reasons.
o Location, owner and financial status, nature and size of project, competition, labor conditions and supply, completion time.
Estimating expense
josh family photo: his son won
0.2% to 0.5% of total bid amount
decision to bid is what type of judgement
josh’s table: getting burnt by sub contractors jet.
subjective judgement.
Set-Asides
josh’s closet: for minorities.
Certain public projects or portion of a project are set aside for small, minority-owned, locally owned or disadvantaged businesses
set asides
SBA small business administration:
rex’s room: wot a small mcdonalds pop covering door
Certain construction projects are set aside for small contractors. Prescribed requirements like annual business volume should be met.